Credit Bank of Moscow IFRS net profit slides by 72% in 2022

MOSCOW, Mar 24 (PRIME) -- The net profit of Credit Bank of Moscow slumped by 71.5% on the year to 7.467 billion rubles in 2022, as calculated under International Financial Reporting Standards (IFRS), the bank said in a report on Friday.

The net interest income fell by 22.08% to 62.013 billion rubles. Operating income sank by 30.1% to 43.4 billion rubles, while operating costs increased by 18.1% to 34.99 billion rubles.

The bank’s assets rose to 3.973 trillion rubles as of December 31 from 3.4195 trillion rubles as of December 31, 2021. Liabilities rose to 2.388 trillion rubles from 1.983 trillion rubles, respectively.

(76.3072 rubles – U.S. $1)

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